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LI 62 CONSIDERATIONS PRELIMINARY, TO THE I'ixing the Supplies, the Ways and Means, AND .* The Taxes for the Year i78i» ADDRESSED To the Minifter and the Public, Talibus infidiis, perjurlque arte Sinonis, Credita res j captique dolis, iacrymifque coa ever encreafr ing, create a new capital of debt^ a fuperadded prefTure to thofe we ^re already gafping for breath under. Without a Sinking Fund, of about three million, (nothing befides, ex^ Gcpt the annual malt and land taxes being left unappropriated,) not even a Peace Eftablifhrnent can be formed; thateftablifhment requires about two millions yearly from the Sinking Fund, and one millon more is fcarce enough for the chapter of accidents; afid to make fome faint appearance of a redemption and diminution of Da , a debt ( 20 ) a debt exceeding, I cannot fay hoW much ; two hundred millions. The Sinking Fund created even by the purfuit of the prefent plan, willfcarce exceed three millions. If a Sinking Fund of three million is neceflary for 2i peace eftablifliment, what muft be neceflary for a ftate of war ? indeed in any view of ra- tional poflibility, war in our prefent iituation and circumftance is mad- nefs ; but th,e frenfy of attempt- ^ing it, with five millions yearly, which would be the annual public eftate, provided the foregoing plan 'was praQiicable, is fomething more excufable than that of attempting it with but two : and the land and. annual malt tax?s, being much ove rated ( 21 ) rated ; particularly the laft, and eaten down with long anticipations and heavy intereft, fcarce I believe at prefent, produce fo much ;7^/ in- to the Exchequer. What! with an annual income of two millions, wage war with France, with Spain, with America, with Holland, and by the more than probable confequences of our wrong-headed quarrel with the laft mentioned Power, with all mari- time Europe? With an income of two miUions, with perhaps a cafual trifle more from the Sinking Fund, incur an annual expence of twenty millions. For whom is Bedlam referv- ed, if thofe who hold the poffibiUty of the coQtinuace of fuch a fyftem walk ( « ) walk at large? ftrange government! made up of the word and weakeft parts of each of the parties that divide the land ; Tory pride and ignorance, joined with Whig profu- fidn and paffion for war. it will be anfvyered, fubfcriptions croud upon us : perhaps they do* Folly, fed by fuccefs of the laft two years has grown contagious. In the delirious calenture of the South Sea year, their flock was at an advance of ten for one, and fo help me God^. as I do think that the South Sea fpeculation (if fome ftroke of energy cannot be ftruck without convulfing the ftatc) did not war more ( ^3 1) more with the phyfical poflibilitjr ©f things, than the national debt^ managed as- it is, and of the ftiagt nitude it is grown to, fo rapidly in- creafed, fo rapidly inereafing. Some fmaller matters have been likewife urged: a reduftion of in- tereft from four to three J)er ceni^ on the annuities 1760 and 1762, which amounts to two hundred thoufand pounds yearly. This i;s allowed . and fure. Something too is expefted from the Eaft India Company for the renewal of their charter : ut it is doubted, whidier they can afford much : and that little w^U probably be remote and /^pnendant cm t^^^ ^'"'^ardous ven- tures ( 24 ) tures that the Company drives of trade, of conqueft, and, of em- pire : ventures of which the Com- pany feems only to ftand all the hazard and the lofs : their fervants to reap all the profits : their fervants now perhaps^ but foon thofe of the minifter, (and no inconliderable addi- tion to that all-devouring influence that confumes the land.) Here pe- rifhed our beft hope ; from the trea- fures of the Eaft alone, the Weftern wafte could have been repaired : the reft is not much, but a zero in the vaft account. The wafte and want of men, I will not urge, though I believe equally prefling with that of money ( 25 ) money, yet, poflibly, not fo de- monftrable as to other difficulties, or rather impradicabilities of the war. Some years ago I prefumed to oiFer to the public my poor opinions on them, which a long and unfortu- nate experience has not hitherto materially contradifted. The con- fummate military talents of Sir Henry Clifiton^ the prefent Com- mander in Chief in America^ will put them to a fevere and decilive tell. Should any thing here fet down be hazarded too much, the induV gence of the public is humbly alked. I mean to awaken the drowfy atten- tion of the people, to roufe the na- E tion ( 26 ) tion from the mortal flumbers of liitlefs apathy, from the fleep of death. I mean not to underftate the pubUc difficulties, but I do not wifh to ex- aggerate them. All the materials ntceffary to make up an abfolutely accurate account, are not at the command of a private individual. Concealment of the truth is feldom good policy. Sufpicion ever goes beyond reality: it is therefore the intereft, as well as the duty of thofe, at w^hofe command the proper vouch- ers are, to fatisfy and remove, if they can, the public apprehenfions. Let them do fo, let them fliew to con- vidtion, that I am capitally and fun- damentally wrong : and I fhall, with infinite fatisfadlion, as publicly re- traft ( 27 ) traft my errors as I now avow them: and fliall, in all humility, kifs the rod of correftion. But let not the public take the change : a few ca- vils, a few fraftional errors prove nothing. I repeat it, if I am not capitally and fundamentally wrong, the prefent fyftem of Finance cannot be right, cannot be conliftent, can- not be permanent. An error of even a few millions, in the grofs amount of a public debt, fo enormous, of a few hundred thoufand pounds yearly, in an expenditure fo vaft, in outgo- ings fo difproportioned to our in- comes, is of no material confcquence or duration, in the rapid courfe of running into debt that wepurfue; E 2 a prefent ( 28 ) a prefent aggravation of tliis kind becomes an extenuation in a few months. Fads and figures are of no fadion, my little all is at ftake, the all of every individual is in- cluded, and concluded in that ''of the ftate, public meafures, public characters are the fair objefts of the fevereft, boldeft difquifition, private charadiers are facred over their fail- ings, humanity throws a veil, Iheds a fympathifing confcious tear. If I deceive the public, I deceive myfelf firft, the moft difficult of all deceits. Whyfliould I deceive? Slave to no fyftem, attached to no party, weaned from ambition, nor wifhing nor hoping for place or preferment, pof- feft of all the wealth I want, of titles that ( 29 ) that I well could fpare, for they am barren and pernicious all, fevering their owner from his neareft deareft relationfhip to the Hate; a Peer, and yet no Peer, hard fate! forced to love and to revere that conftitution that does me fuch cruel wrong* A fufferer too in the caufc of freedom and of truth, for dealing in opinions unlicenfed by the ftamp of power t thruft from the public councils of the ftate, unhoufeled, unanointed^ unannealed, each entrance into pub- lic life barred fafl againft me ; Iliut out from public confequence, public ufcjfrom all the fplendid diftinftions in a free ftate, which the generous mind pants after, dearer far than fordid ( 30 ) fordid heaps of hoarded gold ; an obfcure alien in my native land, ^is tarn crudeks optavit fumere poenas ? Cui tantiim de te Ucuit ? One poor prefumptuous hour of dif- ference in opinion, backed by no vote, cancelling all former obliga- tions, for, called forth by minifters, I had flood their champion, warred on their fide, had fought and won their battles, no needv hireling, no mercenary ally, nor claiming ought, but the cleareft rights of rational man, Reafon's great charter, the freedom to follow where convidion led the way. — But I digrefs too long, idly prolix, yet not without fome fond hope that what is here fet dowuj ( 31 ) down, will not be altogether vain ; and fhould the jftate furvive the pelting of the prefent ftorm, perhaps my perfonal private wrongs, of themfelves insignificant, in fome fu-^ lure happy patriot hour, may be urged as arguments to enforce the neceffity of new modelling and re- ftoring a moral poffibilty of indepen- dence to all the conftituent parts of the upper Houfe of Parliament; tht judge in the laft refort of all the property within the three king- doms. From the firft dawn of this un- happy bufinefs, this fource of all ills, this pernicious American War, till this lucklefs hour, I held up a feeble ( 32 ) feeble, unavailing, foreboding hand agrainft it, watched in anxious fuf- pence for fome lucid interval, feme paufe of returning reafon, alas ! all in vain, for pride, made obftinate by bafe flattery, made bold by fervile compliance, and fure majorities in parliament, foured by difappoint- ment,from misfortune fiercer grown, fets the falvation of the ftate on every defperate caft, regardlefs of the. odds. Without fy Hem for an hour; the little crooked vulgar prejudices of narrow minds, carried into public life, and blind fubmiffion held to attone for the abfence of every ta-g knt^ every virtue ; each great con- cern ( 33 ) cern is made the fport of rafti re- fentment, unjuft partiality, and pri- vate fpleen ; purfuing ends all un- equal to our means, objefts all out of proportion to our powers, the deareft interefts of this great em- pire, the empire itfelf is brought now to ftand on the frail bafe of the pufFed millions of a deluiive fubfcription, on the little arts of eir- cumcifed and uncircumcifed Jews, modelling to their own, and to the purpofes of the minifler the wild paroxifms now high, now low, now hot, now cold, of a credulous ca^- pricious mifguided, misjudging mul- titude. The informed unimpaflioned phi- lofophic mind, views with pity the F planet ( 34 ) planet ftruck croud, hurrying to embark their all in defperate ven- ture on the overloaded bottom of the ftate, gazes with wonder on the fplendid igftis fatuus that his fo long mifled the nations all around; the magnetic moon-fhine, with no repuliive force, that invariably has drawn from age, from caution, from avarice, from every colour, from every clime, from every fhade and gradation of varied life, golden har- vcft's home to Britain's chalky cliffs; realifing in this our ifle, barren of fuch rich produftions, tlie fabled ftreets of Dorade, paved with precious ftones, and the fliores of the Lake of Paraima, bound in with rocks of gold, ( 35 ) goid, — ill-fated wealth ! as idly fquandered, as eafily obtained, — jet ftay, bright illufion ftay yet awhile 1 {Lining bubble, burft not till I am duft. I wifh not to live to fee of indigence the iron reign, to view the agonizing hufband hanging over the famiftied wife, the frantic mo- ther, with heart-piercing fhrieks demanding, all in vain, bread for her ftarving infants, the whetted knife, the dagger's point, the poi- Toned cup, and every mode of ex- peditious death, friendly tp defpair. Better far, than moping melancholy, ever brooding over misfortune, than moody madnefs laughing wild amid feverefl . ( 36 ) fevereft woe ; than all the horrors that ftern nccefHty forces id"'£ommit, and forces to excufe. Soveriegn of willing fubjeas, huf- band of a virtuous wife^ father of many children of great hopes, King, hufoand, father, by all and each of thofe teader ties, public and private^ J adjure you to flop on the extreme verge of the precipice where we {land, do not plunge intp irretrie^ yable calamity, into unheard of dif^ trefs, your people, yoi^r family, an4 yourfelf, January 15, 1781. FINIS.